The most recent financial statements for Cornwall, Inc., are shown here: Income Statement Sales $ 7,700 Costs 6,150 Balance Sheet Current assets $ 4,400 Current liabilities Fixed assets 8,100 Long-term debt $ 2,200 3,750 Taxable income $ 1,550 6,550 Equity Total Taxes (34%) 527 Total $12,500 $12,500 Net income $ 1,023 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 10 percent. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed $